https://www.taxtmi.com/news?id=32317 The Budget restructures personal taxation by exempting annual incomes up to Rs 12 lakh and revising tax slabs, while proposing simplification of tax laws and reductions in intermediary duties. It pursues fiscal consolidation with a projected lower fiscal deficit, plans significant net market borrowings to finance the deficit, and advances structural reforms including a higher FDI limit in the insurance sector and enhanced fiscal support for welfare measures. en-us Sat, 01 Feb 2025 13:01:03 +0530 Sat, 01 Feb 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32317 The Budget restructures personal taxation by exempting annual incomes up to Rs 12 lakh and revising tax slabs, while proposing simplification of tax laws and reductions in intermediary duties. It pursues fiscal consolidation with a projected lower fiscal deficit, plans significant net market borrowings to finance the deficit, and advances structural reforms including a higher FDI limit in the insurance sector and enhanced fiscal support for welfare measures. News - Sat, 01 Feb 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=32317